2 Sinking Stocks That Could Keep Heading Lower
While the major stock indices are carving out new, all-time highs, some stocks are struggling. Salad chain Sweetgreen (NYSE: SG) and software company Figma (NYSE: FIG) have both tumbled recently. The former is facing serious growth challenges, while the latter is saddled with an extreme valuation. While some investors may view these steep declines as buying opportunities, both stocks look risky and could continue to head lower.
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Consumers have a lot of choices when it comes to fast-casual lunch options. Sweetgreen, a purveyor of pricey salads, seems to be losing out to the competition.
Source Fool.com
